Full-Time

Compliance Lead

Posted on 5/29/2024

Relay Financial

Relay Financial

51-200 employees

Online business banking and money management

Fintech

Senior

Remote in USA

Requirements
  • 7+ years managing relevant compliance-related experience with a focus in financial crimes
  • Extensive experience implementing frameworks for AML/BSA risk in a Fintech
  • Experience creating functional and organizational processes to meet Compliance / Regulatory requirements that scale with growth
  • Balance risk & rewards (including customer experience), while meeting regulatory requirements
  • Prior experience building the compliance function from the ground up
Responsibilities
  • Build out the strategy for the financial crimes team including anti-money laundering/counter-terrorist financing, client onboarding and sanction compliance operating across the US
  • Lead the design of the transaction monitoring, investigation and suspicious activity reporting systems and framework making sure we maintain the highest regulatory standards while taking into mind optimal customer experience
  • Develop the financial crimes, sanctions and KYC compliance policies, procedures, programs and compliance controls and across all products at Relay
  • Analyze trends and patterns in alerts to develop risk mitigation and detection
  • Ensure monitoring and surveillance systems are in place to prevent suspicious activities; Work with our technical teams to understand and design analytical methodologies for risk mitigation
  • Collaborate with partner teams across the company and work with leadership to challenge status quo to improve and grow the business
  • Collaborate with our sponsor bank on risk scorecard to ensure our compliance efforts are aligned with bank and regulatory guidelines
  • Provide periodic reporting to senior management and board of directors

Relay provides a robust online business banking and money management solution tailored to small and medium-sized enterprises. A great place to work, this company facilitates seamless integration with popular accounting software and offers unique features such as multiple checking accounts and both physical and virtual debit cards, thereby enhancing operational efficiency. The company's commitment to secure, role-based access and automation in financial transactions positions it as a leader in the financial technology sector, offering employees the opportunity to work on pioneering banking solutions.

Company Stage

Series B

Total Funding

$75.5M

Headquarters

Toronto, Canada

Founded

2018

Growth & Insights
Headcount

6 month growth

31%

1 year growth

71%

2 year growth

167%